Investment Criteria

We look for established, profitable businesses with recurring revenue, clear growth vectors, and management teams ready for a long-term partnership.

Financial

$5–$50M
Revenue
$1–$10M
EBITDA / Earnings
10%+
EBITDA Margin
<15%
Top Customer Concentration

Industry

Industrial Manufacturing

Plant maintenance, safety & compliance, recycled parts, packaging machinery, advanced technologies

Value-Added Distribution

Specialty distribution in HVAC, medical equipment, food & beverage, and adjacent verticals

Outsourced Services

Fleet management, logistics support, facilities services, environmental solutions, HR outsourcing

Technology & SaaS

Scalable SaaS platforms, AI, IoT, fintech, edtech — with durable unit economics

Geography

  • U.S.-based businesses
  • Preference for headquarters east of the Rocky Mountains
  • Majority of revenues with domestic customers

Characteristics

  • Entrepreneur or family-owned; first institutional capital
  • Recurring or repeating revenue and underlying demand
  • Predictable cash flow
  • Easy-to-understand business model
  • B2B focus with high value proposition for commercial customers
  • Asset-light with attractive free cash flow conversion
  • Attractive, untapped growth opportunities
  • Start-ups are not our jam

Situations

Management Buyout

Current management needing capital to support a buyout, or a management team looking to acquire the business they operate.

Succession Planning & Owner Transition

Family ownership transitions (1G–2G–3G), owner retirement or estate planning, and partner buyouts.

Growth Opportunities

Larger growth capital or capex needs (new facility, equipment), acquisition capital and support, merger or combination with a like-sized business.

Corporate Divestitures

Non-core business units with proven management or operators. We're comfortable with clean lift-outs as well as complex, hairy deals.

Distressed & Turnaround

Good company, bad balance sheet — situations requiring substantial operational improvements or capital restructuring.

Have a Deal to Discuss?

We're easy to reach and quick to respond.

If you're a business owner, M&A intermediary, or co-investment partner with a potential fit, we want to hear from you.

Contact Us